Annual Report 2008
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  • Letter to shareholders
  • Munich Re Group
    • Members of the Board of Management
    • Notable events in 2008
      • Personalia
        • Changes on Munich Re’s Board of Management
        • New Board members at ERGO
        • New head of IR in Munich
      • The Group around the world
        • US strategy consistently implemented
        • Munich Re sets up subsidiary in Brazil
        • EUROPÄISCHE and Mercur Assistance are now part of ERGO
      • Insurance solutions and products
        • Securitisation optimises portfolio
        • ERGO turns into fully-fledged healthcare provider
        • MEAG launches KlimaStrategie equity fund
      • Climate change: Trends and initiatives
        • Natural catastrophe figures for 2008
        • Munich Re active in important climate initiatives
    • Report of the Supervisory Board
    • Munich Re shares
      • Stronger than the market
      • Dividend remains stable
      • Share profile
      • Free float still at 100%
      • Strong weighting in many indices
      • Investor relations activities and shareholder service
      • Other capital market instruments
      • Munich Re’s rating
    • Strategy
  • Knowledge at work
    • Risk management
    • Cooperation strategy
    • International Health
    • Primary insurance ERGO
    • Major risks
  • Management report
    • Munich Re Group
      • Structure of the Munich Re Group
      • Important tools of corporate management
      • Binding standards for underwriting and pricing
      • Governing bodies of the Munich Re Group
      • Other seats held by Board members
    • Parameters
      • General parameters
      • Economic parameters
    • Business performance
      • Overview and key figures
      • Reinsurance
      • Reinsurance Life
      • Reinsurance Property-casualty
      • Primary insurance
      • Investment performance
      • Investments of the Munich Re Group
      • Third-party investments
    • Financial position
      • Analysis of our capital structure
      • Asset-liability management
      • Capital management
      • Group equity
      • § 315 German Commercial Code
      • Strategic debt
      • Group solvency
      • Rating
      • Analysis of the consolidated financial statements
    • Other success factors
      • Clients and client relationships
      • Research and development
      • Staff
      • Corporate responsibility
      • Security and availability
    • Corporate governance report
      • Remuneration report
    • Prospects
      • Overview
      • Economic parameters
      • Development of the Munich Re Group
    • Risk report
      • Risk governance
      • Economic risk capital
      • Available financial resources
      • Selected risk complexes
      • Outlook
      • Summary
  • Financial statements
    • Consolidated balance sheet
    • Consolidated income statement
    • Statement of recognised income and expense
    • Group statement of changes in equity
    • Consolidated cash flow statement
    • Segment reporting
      • Segment assets
      • Segment equity and liabilities
      • Segment income statement
      • Investments
      • Gross premiums written
  • Notes
    • Explanatory notes
      • Application of IFRSs
      • §161 German Stock Companies Act
      • Figures for previous years
      • Consolidation
      • Recognition and measurement
      • Changes in accounting policies
      • Future standards
    • Assets
      • (A) Intangible assets
      • (B) Investments
      • (C) Investments for the benefit of life insurance policyholders
      • (D) Ceded share of technical provisions
      • (E) Receivables
      • (F) Cash with banks, cheques and cash in hand
      • (G) Deferred acquisition costs
      • (H) Deferred tax assets
      • (I) Other assets
    • Equity and liabilities
      • (A) Equity
      • (B) Subordinated liabilities
      • (C) Gross technical provisions
      • (D) Gross technical provisions for life insurance policies
      • (E) Other accrued liabilities
      • (F) Liabilities
      • (G) Deferred tax liabilities
    • Foreign currency translation
    • Notes to the consolidated balance sheet – Assets
      • (1) Goodwill
      • (2) Other intangible assets
      • (3) Land and buildings
      • (4) Investments in affiliated companies and associates
      • (5) Loans
      • (6) Other securities held to maturity
      • (7) Other securities available for sale
      • (8) Other securities held for trading
      • (9) Deposits retained on assumed reinsurance
      • (10) Other investments
      • (11) Ceded share of technical provisions
      • (12) Other receivables
      • (13) Deferred acquisition costs
      • (14) Deferred tax
      • (15) Other assets
      • (16) Non-current assets and disposal groups held for sale
    • Notes to the consolidated balance sheet – Equity and liabilities
      • (17) Equity
      • (18) Subordinated liabilities
      • (19) Unearned premiums
      • (20) Provision for future policy benefits
      • (21) Provision for outstanding claims
      • (22) Other technical provisions
      • (23) Gross technical provisions for life insurance policies
      • (24) Other accrued liabilities
      • (25) Bonds and notes issued
      • (26) Deposits retained on ceded business
      • (27) Other liabilities
    • Notes to the consolidated income statement
      • (28) Premiums
      • (29) Investment result
      • (30) Other income
      • (31) Net expenses for claims and benefits
      • (32) Operating expenses
      • (33) Other expenses
      • (34) Finance costs
      • (35) Taxes on income
    • Disclosures on type and extent of risks
      • (36) Risks from insurance contracts life and health
      • (37) Risks from insurance contracts property-casualty
      • (38) Credit risks from ceded reinsurance business
      • (39) Sensitivity analysis
    • Other information
      • (40) Parent
      • (41) Related parties
      • (42) Personnel expenses
      • (43) Long-term incentive plans
      • (44) Remuneration report
      • (45) Employee share-ownership programmes
      • (46) Number of staff
      • (47) Auditor’s fees
      • (48) Contingent liabilities
      • (49) Leasing
      • (50) Events after the balance sheet date
      • (51) Earnings per share
      • (52) Proposal for appropriation of profit
    • Affiliated companies
    • Auditor’s report
    • Declaration of the Board of Management
  • Downloads
>> Home    >> Munich Re Group    >> Notable events in 2008    >> The Group around the world   
Notable events in 2008
  • Personalia
    • Changes on Munich Re’s Board of Management
    • New Board members at ERGO
    • New head of IR in Munich
  • The Group around the world
    • US strategy consistently implemented
    • Munich Re sets up subsidiary in Brazil
    • EUROPÄISCHE and Mercur Assistance are now part of ERGO
  • Insurance solutions and
    products
    • Securitisation optimises portfolio
    • ERGO becomes fully-fledged healthcare provider
    • MEAG launches KlimaStrategie equity fund
  • Climate change: Trends and
    initiatives
    • Natural catastrophe figures for 2008
    • Munich Re active in important climate initiatives

EUROPÄISCHE and Mercur Assistance are now part of ERGO

Europäische Reiseversicherung and Mercur Assistance become part of the ERGO Insurance Group on 1 January 2009. This combines Munich Re’s primary insurance activities and creates the opportunity to strengthen our position in the international travel market.







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